Astas Holding brings Mandarin Oriental Hotel Group to Turkey

Astaş Holding signs an agreement with one of the best global luxury hotel groups, Mandarin Oriental Hotel Group, to operate, its Bodrum Hotel and Residences project: Mandarin Oriental, Bodrum and The Residences at Mandarin Oriental, Bodrum

Astaş Holding signs an agreement with Mandarin Oriental Hotel Group for the branding and operation of the Resort Hotel, Villa and Residence project to be completed in 2013 with a targeted opening date of the first half of 2014 at Cennet Koyu (Paradise Bay), Bodrum at the ceremony attended by Mandarin Oriental Hotel Group Directors Mr. Christoph Mares and Mr. Paul M Massot and Astaş Holding Chairman of the Board Mr. Vedat Aşcı, held at Dolmabahçe Palace on Monday, February 6, 2012.


Astaş Holding undertakes another lead in Turkey with this collaboration made with Mandarin Oriental Hotel Group, one of the best luxury hotel operators of the world, renowned for its legendary services. Mandarin Oriental, Bodrum and The Residences at Mandarin Oriental, Bodrum project nestled in the prime location Bodrum Göltürkbükü Cennet Bay, at one of the most beautiful bays of the Mediterranean and Aegean, will be Mandarin Oriental Hotel Group’s first property in Turkey.

Mandarin Oriental Hotel Group, operating 42 hotels only in sought-after destinations, will open its first resort hotel in the Aegean and Mediterranean basin in Bodrum, Turkey in collaboration with Astaş Holding. Astaş Holding with this investment will contribute to the appeal of the region by the elite jet-set and Mandarin Oriental Hotel Group’s sophisticated clientele, carrying Bodrum to the top of the world’s most luxury resort destinations list.

The 102-key Mandarin Oriental, Bodrum and the 98 villas and 116 residences of The Residences at Mandarin Oriental, Bodrum are beautifully set on a 600.000 m2 site at Cennet Bay which has two kilometers of coast line embracing three private bays, all offering breathtaking views of the Aegean Sea and redefining Mediterranean lifestyle throughout all seasons.

Vedat Aşçı, Chairman of the Board of Astaş Holding, who collaborates with select international brands for the operation and design of his real estate developments and who is well-known for his branded projects, says:

“Turkey ranks among the top ten in the world’s tourism industry in terms of revenues and number of foreign visitors and the industry became the fastest developing by quadrupling its share in national income within the last 20 years. The number of visitors with high spending capacity coming to Turkey increases each year and the tourism revenues which were 18 million USD in 2011 are expected to increase to 25 million USD in 2012. These factors indicate that Turkey is a rising star in its region’s tourism industry.

With new ground-breaking and branded investments, we believe that our country will rise to the top of the world’s best tourism destinations list starting from 2012. We, as Astaş Holding, think that our project with Mandarin Oriental Hotel Group will add outstanding value to Bodrum and Turkey, establishing Mandarin Oriental, Bodrum and The Residences at Mandarin Oriental, Bodrum as the most luxurious resort and residence project in Europe and the Mediterranean setting an example for select international brands to enter into the Turkish market and Bodrum region.

Our goal is to support Bodrum in its mission to become the leading resort destination of Europe’s south coast, where people will relax, entertain and regenerate themselves, in a luxurious hideaway environment.”

Astaş Holding paying great attention to detail in all of its projects, is developing this project at a value of 600 million Euros in Bodrum, which is on the top of the world’s agenda for its unique nature where green and blue meet at the intersection of Mediterranean and Aegean, its stunning turquoise bays, its warm climate throughout the year and its elite visitors.

Astaş Holding, in all of its projects bringing a team of the leading hotel operators, architects, designers, engineers together, for this project engaged WATG-London, the architects of many of the elite resort hotels and buildings all over the world as well as Metex Design Group–Istanbul and GAD-Istanbul who with Arup–Istanbul as the project manager are ensuring the unique design of Mandarin Oriental, Bodrum and The Residences at Mandarin Oriental, Bodrum.

With an environmental mission, Astaş Holding is being consulted by Turmepa – Turkish Marine Environment Protection Association, to fulfill the project’s aim to set new standards in the tourism sector and preserve the great natural beauty of the site which is mostly being reserved as rehabilitation area onto which over 100,000 new plants and trees will be planted.

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